San Ramon Condo-Town Home Market Activity:
- 23 Properties on the Market
- 9 are condos ranging in price from $149,000 to $549,000
- 14 Town homes ranging in price from $244,900 to $675,000
- 76 Pending Sales
- 51 Condos ranging in price from $99,000 to $449,000
- 25 Town homes ranging in price from $229,500 to $625,000
Of the 76 properties, 51 are short sales, 5 Bank Owned and 20 are regular sales.
San Ramon Condo-Townhome Closed Sales for the Month of November was 25
- 15 Condos - average price $271,613 with an average of 13 days on the market. Of this number 4 are short sales, 4 bank owned and 7 regular sales
- 10 Townhomes - average price $502,000 with an average of 12 days on the market. Of this number 4 are short sales, 1 bank owned and 5 regular sales.
Below is a comparison of San Ramon Condo/Townhome Sales Activity for 2012 vs 2011 thru November 2012.
Short sales in 2012 increased by 65% over 2011 which is a good thing. It indicates that home owners are becoming more proactive and by selling their homes rather than letting them go to foreclosure.
Sold prices are on par with 2011 and will probably be this way for a little longer as there are still many homeowners underwater.
Townhomes are a great way for the first time buyer to establish home ownership as the prices are still quite favorable and, of course, the interest rates make this even easier to qualify.
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